Interest rates
The following sections show interest rates for various repayments and late payments.
Interest rate on late payments
The following interest rates are charged on late tax payments.
| Duty | From | % | From | % | From | % | From | % |
|---|---|---|---|---|---|---|---|---|
| Income tax, NI contributions and CGT | 29/09/09 | 3.00% | 24/03/09 | 2.50% | 27/01/09 | 3.50% | 06/01/09 | 4.50% |
| Corporation tax pay and file | 29/09/09 | 3.00% | 24/03/09 | 1.75% | 27/01/09 | 2.75% | 06/01/09 | 3.50% |
| Corporation tax pre-pay and file | 29/09/09 | 3.00% | 24/03/09 | 2.00% | 27/01/09 | 2.75% | 06/01/09 | 3.50% |
| CTSA, from normal due date | 29/09/09 | 3.00% | 24/03/09 | 2.50% | 27/01/09 | 3.50% | 06/01/09 | 4.50% |
| Inheritance tax, CTT and estate duty | 29/09/09 | 3.00% | 24/03/09 | 2.50% | 27/01/09 | 1.00% | 06/01/09 | 2.00% |
| IT-CP and other duties attracting S87 interest for APs ending on or after 01/07/1999 | 29/09/09 | 3.00% | 24/03/09 | 2.50% | 27/01/09 | 3.50% | 06/01/09 | 4.50% |
Interest rate on repayments
The following interest payments are charged on tax repayments.
| Duty | From | % | From | % | From | % | From | % |
|---|---|---|---|---|---|---|---|---|
| Income tax, NI contributions and CGT | 29/09/09 | 0.50% | 24/03/09 | 0.00% | 27/01/09 | 0.00% | 06/01/09 | 0.75% |
| Corporation tax pay and file | 29/09/09 | 0.50% | 24/03/09 | 0.00% | 27/01/09 | 0.00% | 06/01/00 | 0.50% |
| Corporation tax pre-pay and file | 29/09/09 | 0.50% | 24/03/09 | 0.00% | 27/01/09 | 2.75% | 06/01/09 | 3.50% |
| CTSA, repayment interest | 29/09/09 | 0.50% | 24/03/09 | 0.00% | 27/01/09 | 0.00% | 06/01/09 | 1.00% |
| Inheritance tax, CTT and estate duty | 29/09/09 | 0.50% | 24/03/09 | 0.00% | 27/01/09 | 1.00% | 06/01/09 | 2.00% |
This page was last reviewed on 05 July 2011. The information may not reflect changes in legislation made after this date.
This is only a guide to your tax position and should not be relied on in place of professional accounting or tax advice. Any calculated figures are illustrative and are based on the data you provided.
